ChainThink News: According to an official announcement, Hut 8, a Canadian Bitcoin mining company, has priced $4.25 billion in senior secured notes through its wholly owned subsidiary, Beacon Point DC LLC, with a coupon rate of 6.129% and maturity in 2042, expected to close on June 9.
The proceeds will be used to construct a data center on approximately 521 acres of land in Nueces County, Texas, featuring six data halls with a total critical IT capacity of 352 megawatts, which will be leased to a tenant with a credit rating no lower than AA- upon completion.
The notes are non-recourse to Hut 8’s parent company.
Disclaimer: Contains third-party opinions, does not constitute financial advice
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